Today: November 17, 2024
Today: November 17, 2024

Latest From Reuters

Business|Finance|Stock Markets|Technology

Lam forecasts revenue below estimate as chip industry faces weak demand

Chip-making tools supplier Lam Research forecast second-quarter revenue slightly below Wall Street estimates on Wednesday, as demand from chipmakers remained under pressure due to sluggish

Lam forecasts revenue below estimate as chip industry faces weak demand
Business|Finance|Stock Markets|US

PPG Industries beats quarterly profit estimates, raises FY earnings forecast

PPG Industries on Wednesday beat Wall Street estimates for third-quarter profit and raised its full-year earnings outlook, as high sales volumes in the automotive and aerospace sector

PPG Industries beats quarterly profit estimates, raises FY earnings forecast
Business|Finance|Technology

OpenAI in talks to sell shares at $86 billion valuation - Bloomberg News

ChatGPT creator OpenAI is in talks to sell existing employees' shares at an $86 billion valuation, Bloomberg News reported citing people with knowledge of the matter.

OpenAI in talks to sell shares at $86 billion valuation - Bloomberg News
Business|Technology|US

Amazon to launch drone deliveries in Italy and UK in late 2024

Amazon said on Wednesday it was planning to begin delivering packages through drones in Britain, Italy and a third location in the United States, as part of the e-commerce giant's efforts

Amazon to launch drone deliveries in Italy and UK in late 2024
Business|Entertainment|Sports

Disney to break out sports revenue in financial reports

Walt Disney will break out its sports programming revenue from the fourth quarter onwards following a restructuring of the company announced earlier this year, the media firm said on

Disney to break out sports revenue in financial reports
News|Uncategorized|US

EPA orders Norfolk Southern to perform additional cleanup following Ohio derailment

- The U.S.

EPA orders Norfolk Southern to perform additional cleanup following Ohio derailment
Business|Finance|Technology

Factbox-Elon Musk on interest rates, uncertainty and Tesla's costs

Tesla CEO Elon Musk spent much of a call with analysts and investors on the electric car maker's earnings discussing what he sees as the risks from high interest rates, consumer

Factbox-Elon Musk on interest rates, uncertainty and Tesla's costs
Africa|News|US|World

US calls on Sudan's paramilitary RSF to stop shelling civilian areas

The U.S. is deeply concerned by reports that the Sudanese paramilitary Rapid Support Forces (RSF) have intensified shelling in South Darfur and Omdurman, State Department

US calls on Sudan's paramilitary RSF to stop shelling civilian areas
Business|Economy|US

Ford lays off another 150 workers citing UAW strike

Ford Motor said late on Wednesday it is laying off another 150 workers in Michigan because of the ongoing United Auto Workers strike, bringing the total to 2,730 workers furloughed.

Ford lays off another 150 workers citing UAW strike
Asia|News|World

Taiwan reports 13 Chinese air force planes in its air defence zone

Taiwan's defence ministry said that it had detected 13 Chinese air force planes entering Taiwan's air defence zone on Thursday morning, including fighter jets and drones,

Taiwan reports 13 Chinese air force planes in its air defence zone
Business|Economy|Environment|News|Travel|US|World

California governor Newsom to visit China next week to discuss climate action

California governor Gavin Newsom will visit China next week to discuss climate cooperation, promote bilateral economic development and tourism and encourage cultural exchanges, his office

California governor Newsom to visit China next week to discuss climate action
Environment|News|US

Ships speeding through US 'go slow' zones meant to protect endangered whale -report

More than 80% of ships are speeding through "go slow" zones set by environmental regulators along the U.S.

Ships speeding through US 'go slow' zones meant to protect endangered whale -report
Business|Finance|Stock Markets|US

Chinese-owned pork producer Smithfield prepares for US listing -WSJ

Smithfield Foods' Chinese owner WH Group is working with banks to take the U.S.-based pork producer public again in the United States, the Wall Street Journal reported on Wednesday, citing

Chinese-owned pork producer Smithfield prepares for US listing -WSJ
Business|Economy|Finance|US

Barclays now expects U.S. Fed rate hike in December

Barclays forecasts the U.S. Federal Reserve delivering a 25-basis-point hike in December, compared to a prior rate hike expectation in November.

Barclays now expects U.S. Fed rate hike in December
Business|Economy|Technology

TSMC Q3 profit falls 24.9%, beats market expectations

Taiwanese chipmaker TSMC posted a 24.9% fall in third-quarter net profit on Thursday as global economic woes hit demand for chips used in applications from cars to cellphones and

TSMC Q3 profit falls 24.9%, beats market expectations
MidEast|News|World

UK PM Sunak lands in Tel Aviv - Reuters witness

British Prime Minister Rishi Sunak landed in Tel Aviv on Thursday, a Reuters witness said, beginning a visit in which he plans to offer condolences to Israeli counterpart

UK PM Sunak lands in Tel Aviv - Reuters witness
Business|Technology

Google to start manufacturing smartphones in India with Pixel 8

Alphabet Inc intends to start manufacturing in India and will partner with international and domestic manufacturers to produce Pixel smartphones locally, starting with Pixel 8,

Google to start manufacturing smartphones in India with Pixel 8
Business|Finance|Technology

Beijing weighs delaying approval of $69 billion Broadcom-VMware deal- FT

Beijing is weighing holding up U.S. chipmaker Broadcom Inc's $69 billion purchase of cloud computing company VMware Inc, the Financial Times reported on Thursday citing three sources

Beijing weighs delaying approval of $69 billion Broadcom-VMware deal- FT
Business|Technology

China's Huawei sells 1.6 million Mate 60 series handsets in six weeks - research firm

(This Oct. 19 story has been corrected to say '1.6 mln Mate 60 series sold', not just 'Mate 60 Pro handsets' in headline and paragraph 1 and to clarify that Mate 60 Pro is

China's Huawei sells 1.6 million Mate 60 series handsets in six weeks - research firm
MidEast|News|World

Egypt repairing roads at Gaza crossing ahead of aid delivery

Machinery to repair roads has been sent through the Rafah border crossing from Egypt into the Gaza Strip in preparation for the delivery of some of the aid stockpiled in Egypt's

Egypt repairing roads at Gaza crossing ahead of aid delivery
Business|Economy|Finance|US

Marketmind: To 5% and beyond, bond yields soar

A look at the day ahead in U.S. and global markets from Mike Dolan A buoyant U.S. economy, hawkish Federal Reserve and dysfunctional Congress are sending Treasury bond yields soaring through 5% and

Marketmind: To 5% and beyond, bond yields soar
Business|Finance|Technology

AT&T lifts annual free cash flow target, tops subscriber additions estimates

Wireless carrier AT&T raised its annual free cash flow forecast on Thursday as its quarterly subscriber additions trounced estimates on the back of promotions and phone upgrades, sending

AT&T lifts annual free cash flow target, tops subscriber additions estimates
Business|Finance|Stock Markets|US

Philip Morris tops quarterly profit on higher pricing, steady demand

Philip Morris International on Thursday beat Wall Street expectations for quarterly profit, boosted by a let up in soaring costs of tobacco and labor, and robust demand for its heated

Philip Morris tops quarterly profit on higher pricing, steady demand
Business|Economy|Finance|US

Alaska Air cuts profit view as rising labor costs cast shadow

Alaska Air Group cut its full-year profit outlook on Thursday on rising labor expenses, as airlines draw up costly contracts to retain employees.

Alaska Air cuts profit view as rising labor costs cast shadow
Business|Economy|Finance|News|Stock Markets|US

Union Pacific's quarterly profit drops

Union Pacific reported a 19% fall in quarterly profit on Thursday, as higher labor costs and volume decline in consumer-facing segments outweighed the benefits from price hikes implemented

Union Pacific's quarterly profit drops

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